Microstrategy Spends $200 Million More on Bitcoin, Raising Total Holdings to 129,218 BTC – Featured Bitcoin News

Microstrategy, a Nasdaq listed company has purchased an additional 4,167 Bitcoins. Its latest purchase has raised the company’s crypto holdings to 129,218 bitcoins.

Microstrategy purchases more Bitcoin for its Treasury

Microstrategy, a Nasdaq listed software company has added more bitcoin to its portfolio through Macrostrategy. Michael Saylor, the CEO of Microstrategy, posted Tuesday:

Macrostrategy purchased additional 4,167 Bitcoins at a price average of $45714 per bitcoin. On 4/4/22, Microstrategy had 129.218 bitcoins in its possession. They were purchased for an average of $30,000.

Based on data from Bitcoin.com Markets, bitcoin’s price is currently $46,819 at the time this article was written. In the last two weeks it has gone up 14% and in the last thirty days, by 19%.

Macrostrategy received a $205 million BTC-backed Loan from Silvergate Bank to buy additional bitcoins last month.

The company’s latest BTC purchase before Tuesday was in February when it bought 660 bitcoins.

Saylor is a long-time bull for Bitcoin. He said during his company’s Q1 earnings call: “I see evidence of a lot more institutional adoption, greater adoption amongst macro and other hedge funds … We look forward to the next wave of institutional adoption that, I think, should be driven as people get more educated and more aware of what digital property is.”

How do you feel about Microstrategy purchasing more Bitcoin? Please leave your comments below.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.

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